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Gold, jewellery clearance: Customs, TDAP to be linked through WeBOC

Gold, jewellery clearance: Customs, TDAP to be linked through WeBOC

KARACHI: Directorate of Reforms and Automation has started its work on formation of Requirement Specification Documents (RSD) in connection with import/export of gold, jewellery and gemstones relates to SRO 760/2013.

FBR sources informed Customs Today that the Economic Co-ordination Committee has decided to establish interface between Pakistan Customs and Trade Development Authority of Pakistan in order to automate Customs clearance procedures of import/export of gold, jewellery and gemstones accordingly.

They further revealed that the RSD will cover those business procedures which have been approved by the RSD Approval Committee of Pakistan Customs, adding that the documents have been forwarded to the automation team of the Directorate of Reforms and Automation for the development of the software in WeBOC computerized system.

“In the Customs clearance procedure, the user ID shall be provided to the TDAP to feed all the relevant details for issuance of No-Objection Certificate (NOC) against the imports/exports of gold and jewellery,” sources added.

They further told this scribe that once the NOC is being issued in the system, the importer shall file Goods Declaration (GD) against that NOC approval number and the system shall bind 25 kilogram cap revolving allocated quota with the National Tax Number (NTN), so as to avert any chance of exceeding the quota limit.

Sources further said that the commercial banks will provide user IDs in the system that will also provide screen to the banks for uploading 1 per cent cash margin certificate amounting to the value of 1 per cent of gold.

“The step has been taken by the government in order to eliminate the risk of gold smuggling and implementation of value addition at the time of exporting the gold/jewellery,” they added.

Sources further informed Customs Today that the presentation in this regard is being prepared by the Deputy Director Reforms and Automation and this presentation will be presented before Chief Collector of Enforcement-South, Director Reforms and Automation, Collector Preventive and other high-ups of Pakistan Customs in near future.